valuation, page-82

Newtrade

The thing with IGR is that their SP today is lower then it was when first gold pour was announced.So much for producer multibagger.I am not saying that RED SP would not appreciate when & if gold production startup problems are rectified. But to think that SP will skyrocket just because they've became producers by producing first gold bar is completly wrong.Being succesfull low cost,long term producer with good managment & good track record,long mine life & good probability for mine extension or new discoveries is a path to success.So far RED has failed on many of them therefore SP is where it is today, 25% lower then the same time last year even though RED should almost be classified as gold producer and is much more closer to producing that first gold bar then it was 12 months ago.